CoinShares to Go Public on Nasdaq in $1.2B Deal with Vine Hill

TheCryptoTimesPublished on 2025-09-08Last updated on 2025-09-08

European digital asset manager CoinShares has signed a deal with Vine Hill Capital Investment Corp., a special purpose acquisition company (SPAC) listed in the U.S today to bring CoinShares to the Nasdaq Stock Market. 

According to the press release, this deal values CoinShares at $1.2 billion before new investments and is set to open the door for American investors to buy and trade its shares for the first time.

CoinShares already trades in Sweden but says this deal is more than just a move to another market. 

“This transaction represents far more than a change of listing venue from Sweden to the United States,” said Jean-Marie Mognetti, co-founder and CEO of CoinShares. 

He said that being listed on Nasdaq will help the company reach investors in “the world’s largest asset management market” and will speed up its goal to become a leader in digital assets.

Both Companies to Merge into One

Vine Hill Capital will merge with CoinShares under a new holding company called Odysseus Holdings Limited. To support the merger, an institutional backer has added $50 million in anchor investment.

The boards of both companies have approved the agreement, and is expected to close later this year, after approval from shareholders and regulators.

CoinShare is the largest digital asset manager in Europe, and it holds about $10 billion in assets. Globally, it is the fourth-largest provider of crypto exchange-traded products, following BlackRock, Grayscale, and Fidelity. 

In Europe, it has a 34% share of the market. The firm has also expanded quickly, growing its product range from four offerings in 2021 to 32 by mid-2025.

According to Nicholas Petruska, the CEO of Vine Hill, “CoinShares exemplifies everything we look for in a high-value investment: market leadership, a proven, scalable business model, a massive and expanding addressable market and a team with the proven ability to execute.”

Also Read: Binance to list LINEA after BNB-based HODLer airdrop


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